ANALYSIS 🔎
- ARK/ BTC is testing the major ascending triangle's inclined support as expected from my previous analysis.
- Price action is printing a minor ascending triangle at the test zone.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the minor ascending triangle's horizontal resistance (@0.00003100)
- Limit entry: test of the minor ascending triangle's inclined support.
TARGETS 🎯
- Major ascending triangle's horizontal resistance (@0.00003390)
- Further breakout above the major ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the minor and major ascending triangle's inclined support.
- ARK/ BTC is testing the major ascending triangle's inclined support as expected from my previous analysis.
- Price action is printing a minor ascending triangle at the test zone.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the minor ascending triangle's horizontal resistance (@0.00003100)
- Limit entry: test of the minor ascending triangle's inclined support.
TARGETS 🎯
- Major ascending triangle's horizontal resistance (@0.00003390)
- Further breakout above the major ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the minor and major ascending triangle's inclined support.
